Is the variability of world wheat prices increasing?

David Blandford, Nancy E. Schwartz

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

Estimates are derived of the potential variability of world wheat prices and the sources of this variability. These indicate a sizable increase in the probability of large short-run fluctuations in price. The bulk of this variability is due to fluctuations in the domestic grain production of developing and centrally-planned economies. However, most market participants are unresponsive to short-run changes in world price, and transmit a substantial amount of domestic variability to the world market. The key factor in world price stability is the short-run responsiveness of wheat exports from the USA. It is likely that both the physical and policy factors that have contributed to increased variability will persist.

Original languageEnglish (US)
Pages (from-to)305-312
Number of pages8
JournalFood Policy
Volume8
Issue number4
DOIs
StatePublished - Nov 1983

Fingerprint

Triticum
wheat
fluctuation
centrally planned economy
market
world markets
planned economy
world market
agricultural product
world
price
Wheat
markets
Short-run
Fluctuations
Factors

All Science Journal Classification (ASJC) codes

  • Food Science
  • Development
  • Sociology and Political Science
  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

Cite this

Blandford, David ; Schwartz, Nancy E. / Is the variability of world wheat prices increasing?. In: Food Policy. 1983 ; Vol. 8, No. 4. pp. 305-312.
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Is the variability of world wheat prices increasing? / Blandford, David; Schwartz, Nancy E.

In: Food Policy, Vol. 8, No. 4, 11.1983, p. 305-312.

Research output: Contribution to journalArticle

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